Brief: Russia's Globaltrans decides to move listing to Astana, buy back shares in Russia

Globaltrans Investment

13/09/2024 16:50

Sept 13 (Reuters) - Russia's Globaltrans railway
operator  GLTRDR.MM  announced that its Board of Directors
unanimously approved the following decisions at its meeting:
    * The listing of the company’s global depository receipts
(GDRs)
on the Astana International Exchange (AIX). The move will
preserve the GDRs’ international listing while mitigating
infrastructure risks for all shareholders
    * The voluntary delisting of the company’s GDRs from the
London
Stock Exchange (LSE), Moscow Exchange (MOEX) and SPB Exchange
(SPBE)
    * The company will make additional disclosures on the exact
timing
of the submission of applications for the AIX listing and the
LSE, MOEX and SPBE delistings, as well the listing and
delistings.
    * An Extraordinary General Meeting of Shareholders (EGM) was
called for 30 September 2024 to consider and, if thought fit,
approve a recommended tender offer for the Company’s GDRs held
through the National Settlement Depositary (NSD) and SPB Bank
for up to the total number of such GDRs then in issue at a price
of 520 roubles per GDR
    * The price represents a 10% premium to the 12 September
2024
closing price of the main trading session on MOEX

Further company coverage:  GLTRDR.MM 
    
    

 (Reporting by Gleb Stolyarov
Writing by Maxim Rodionov
Editing by Louise Heavens)
 ((maxim.rodionov@thomsonreuters.com;))